Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Taxes December 4, 2025
Democrats Tee Off on Possible Treasury Corporate Tax Move
Sen. Elizabeth Warren and Rep. Donald S. Beyer Jr. are leading opposition to a potential regulatory carve-out from a new minimum tax on corporate profits that critics say could generate an unjustified windfall for big companies.
Technology December 4, 2025
Manual Processes Still Prevalent in Accounts Payable as 1099 Season Nears, Avalara Report Says
As the 1099 filing season approaches, rising form volumes, shifting IRS requirements, and tighter audit scrutiny are colliding with outdated, manual processes—leaving accounts payable teams stretched thin and exposed to risk.
Taxes December 4, 2025
Philadelphia Officials Try to Close Tax Loophole That Allows Refunds for People Who Steal Homes
Due to a loophole in current city law, thieves who forge deeds and steal homes can request a refund of the realty transfer taxes they paid to commit their crimes.
Taxes December 4, 2025
Scott Bessent Under Consideration to Also Lead National Economic Council
The National Economic Council works on all economic issues out of the White House including taxes, health care and energy and serves as a key policy coordinator for those ideas and plans across the federal government.
Taxes December 3, 2025
IRS Urges Americans to Take These Steps Before Upcoming Tax Season Begins
The IRS says planning early is extra important this year because of major changes, such as the One Big Beautiful Bill Act, which can significantly affect federal taxes, credits and deductions.
Taxes December 3, 2025
Democratic Lawmakers and Veterans Groups Issue Warning Over Expiring ACA Tax Credits
Health insurance coverage for 267,000 veterans and their families will be at risk if tax credits that lower their premium costs under the Affordable Care Act are allowed to expire, Democratic lawmakers warned Tuesday.
Payroll December 3, 2025
IRS Gives Guidance on New Trump Accounts, IRA-Like Accounts for Children
The government will make a one-time $1,000 pilot contribution to the account of each child who is a U.S. citizen born on or after Jan. 1, 2025, through Dec. 31, 2028.
Accounting December 3, 2025
Former Accounting Exec Busted for Allegedly Cheating the IRS, Getting Paid Under the Table
Stephen Hochberg, 77, who was an accounting and real estate executive in Sudbury, MA, was recently charged by the feds and has agreed to plead guilty to perpetrating the multi-year scheme.
Payroll Taxes December 3, 2025
New Washington State Payroll Tax Plan Emerges Ahead of 2026 Legislative Session
Progressive lawmakers in Olympia rolled out a new revenue proposal Tuesday that targets Washington's largest employers with a 5% payroll excise tax on wages above $125,000.
Taxes December 2, 2025
What Would the U.S. Look Like Without Income Tax? Trump Says We’re About to Find Out
President Donald Trump made the bold claim about an income tax-free America during a Dec. 2 Cabinet meeting, after touting the impact of his trade policies and potential “dividend” stimulus checks.
Taxes December 2, 2025
Chicago Mayor Says Attacks Against His Proposed Head Tax ‘Would Make Donald Trump Blush’
Mayor Brandon Johnson on Tuesday signaled that he will continue digging his heels in on his controversial head tax proposal rather than seek to reconcile with a rebellious City Council.
Taxes December 2, 2025
Hopes Fade for ACA Tax Credit Deal as Trump Proposal Fizzles with Republicans
President Donald Trump has admitted he would prefer to allow the tax credits to expire rather than fund an extension that would further entrench the program colloquially known as Obamacare.